773 General Medical Services: scheme of superannuation

Summary

This section provides that superannuation arrangements for doctors under the General Medical Services (GMS) scheme may be approved by the Revenue Commissioners for the purposes of this Chapter as if they were a retirement benefits scheme for employees.

Details

(1) The Revenue Commissioners may, at their discretion and subject to such conditions and undertakings as they consider appropriate, approve a “GMS” pension scheme under the Health Act, 1970 for the purposes of this Chapter as if it were a retirement benefits scheme within the meaning of this Chapter, although the prescribed conditions set out in section 772 are not satisfied.

(2) The provisions of this Chapter and Schedule 23 are, with any necessary modifications, to apply to a “GMS” scheme approved under this section. In particular, the following modifications are to apply —

• “employee” includes a registered medical practitioner in the GMS,
• “service” (of an employee) includes the provision of services by a registered medical practitioner under the GMS and an “office or employment” includes the provision of such services, and
• references to Schedule E is to include a reference to Schedule D except in section 779.

(3) A medical practitioner’s income from the GMS is excluded from the calculation of net relevant earnings for the purposes of any claim which the practitioner may wish to make under Chapter 2 of this Part in respect of premiums paid to secure a retirement annuity.

Relevant Date: Finance Act 2021